Economy Minister expect 10% industry growth by yearend

Economy Minister expect 10% industry growth by yearend

PanARMENIAN.Net - Economy Minister believes industry to have become a motive force in Armenia’s economy.

As Tigran Davtyan said in the city of Charentsavan, Kotayk province, “Armenia has so far posted 15% industry growth in 2012, with over 10% total increase expected by yearend.”

“Recent years’ industry development proves current economy to be more “logical” than the post-crisis one, with an evident upsurge in the industry and exports roles noted,” the minister said.

 Top stories
A reformed inspections system will mean reduced inspections for less riskier businesses, saving them time and resources.
Armenia saw remarkable economic growth and poverty reduction in the period preceding the global financial crisis of 2008–2009.
Priority needs will be identified through assessments of economic development potential and prioritization by the communities.
However the proportion of women reaching the top tier of the business world has shown little progress over the past decade.
Partner news